Sector: Conglomerate
PH_SM
Net debt (table and EV/EBITDA): |short-term borrowings| + |long-term borrowings| + |other financial liabilities| when extracted + |non-controlling interest| when extracted − |cash and equivalents|; amounts in millions of the reporting currency.
Shares: connector/market_inputs
Monetary columns are in B PHP, one decimal; scale (K/M/B/T) keeps values readable. For the period (default) shows P&L and cash flow for that row’s reporting window: quarterly amounts when the feed uses quarter-duration facts (typical US 10-Q revenue and income), quarterly cash flows after stripping YTD where only cumulative tags exist, and an implied Q4 on 31 Dec FY rows (P&L: FY minus Q1–Q3; operating / investing cash flow: FY 12m minus 9M YTD to 30 Sep when sourced from SEC builder evidence) so they match 10-Q scale. Some issuers still use cumulative YTD minus the prior row in the same calendar year. As reported shows values stored on each row (e.g. full-year on FY). Balance sheet is always as reported. Source JSON may use millions etc.; conversion uses amounts_unit per row.
| Date | Period | Status | RevenueB PHP | Operating profitB PHP | D&AB PHP | EBITDAB PHP | Net profitB PHP | Operating CFB PHP | Capex + M&AB PHP | AssetsB PHP | EquityB PHP | ROE (annualized) | Net debtB PHP | Source |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026-03-31 | Q1 2026 (3M) | PARTIAL | 159.4 y/y 4.9% | 38.4 y/y 6.5% | 7.1 y/y 6.7% | 45.5 y/y 6.5% | 29.2 y/y 5.7% | 10.6 | -2.9 | 1826.8 y/y 6.5% | 973.3 y/y 9.2% | 12.1% | 393.0 | Link |
| 2025-12-31 | Q4 2025 (3M) | OK | 0.2 y/y 3.7% | 0.0 y/y 8.9% | 0.0 y/y 2.9% | 0.1 y/y 8.0% | 0.0 y/y 14.5% | 0.1 | -2.9 | 1811.8 y/y 6.6% | 955.6 y/y 10.3% | 13.2% | 389.4 | Link |
| 2025-09-30 | Q3 2025 (3M) | OK | 0.2 y/y 1.3% | 0.0 y/y -1.2% | 0.0 y/y 5.5% | 0.0 y/y -0.2% | 0.0 y/y 3.4% | 0.0 | -3.2 | 1761.8 y/y 6.6% | 926.4 y/y 9.9% | 0.0% | 407.6 | Link |
| 2025-06-30 | Q2 2025 (3M) | OK | 0.2 y/y 6.0% | 0.0 y/y 5.9% | 0.0 y/y 4.1% | 0.0 y/y 5.6% | 0.0 y/y -15.1% | 0.0 | -2.4 | 1726.0 y/y 7.7% | 898.1 y/y 11.1% | 0.0% | 408.5 | Link |
| 2025-03-31 | Q1 2025 (3M) | PARTIAL | 152.0 y/y — | 36.1 y/y — | 6.6 y/y — | 42.7 y/y — | 27.6 y/y — | 9.8 | -2.1 | 1715.7 y/y 7.3% | 891.2 y/y 11.9% | 12.6% | 394.7 | Link |
| 2024-12-31 | Q4 2024 (3M) | PARTIAL | 0.2 y/y — | 0.0 y/y — | 0.0 y/y — | 0.1 y/y — | 0.0 y/y — | 0.0 | -3.9 | 1699.1 y/y — | 866.4 y/y — | 13.4% | 396.1 | Link |
| 2024-09-30 | Q3 2024 (3M) | OK | 0.2 y/y 4.8% | 0.0 y/y 6.0% | 0.0 y/y 9.9% | 0.0 y/y 6.6% | 0.0 y/y 49.9% | 0.0 | -2.4 | 1652.1 y/y 7.4% | 842.7 y/y 12.9% | 0.0% | 398.3 | Link |
| 2024-06-30 | Q2 2024 (3M) | OK | 0.2 y/y 6.3% | 0.0 y/y 8.3% | 0.0 y/y 9.1% | 0.0 y/y 8.4% | 0.0 y/y 90.9% | 0.0 | -2.6 | 1603.2 y/y 6.3% | 808.4 y/y 12.4% | 0.0% | 417.5 | Link |
| 2024-03-31 | Q1 2024 (3M) | OK | 0.1 y/y — | 0.0 y/y — | 0.0 y/y — | 0.0 y/y — | 0.0 y/y — | 7.8 | -3.7 | 1599.0 y/y — | 796.7 y/y — | 0.0% | 263.3 | Link |
| 2023-12-31 | Q4 2023 (3M) | OK | 0.2 y/y — | 0.0 y/y — | 0.0 y/y — | 0.0 y/y — | 0.0 y/y — | 0.0 | -2.8 | 1586.2 y/y — | 772.2 y/y — | 0.0% | 284.4 | Link |
| 2023-09-30 | Q3 2023 (3M) | OK | 0.2 y/y — | 0.0 y/y — | 0.0 y/y — | 0.0 y/y — | 0.0 y/y — | 0.0 | 0.1 | 1537.9 y/y — | 746.2 y/y — | 0.0% | 314.9 | Link |
| 2023-06-30 | Q2 2023 (3M) | OK | 0.1 y/y — | 0.0 y/y — | 0.0 y/y — | 0.0 y/y — | 0.0 y/y — | 0.0 | -2.5 | 1507.8 y/y — | 719.0 y/y — | — | 308.7 | Link |
Quarterly values (₱ mln)
Year-over-year change
FCF (₱ mln)
Net debt / cash (₱ mln)
Physical operating metrics — supplementary, not part of the financial statements
Oil and Gas E and P
| Year | Reserves, mln boe |
|---|---|
| 2025 | 673 |
| 2024 | 678.30 |
| 2023 | 604.90 |
| 2022 | 537.40 |
| 2021 | 492 |
| 2020 | 404.60 |
| 2019 | 462 |
| 2018 | 503.40 |
| 2017 | 468.10 |
| Year | Production, mln boe | per day |
|---|---|---|
| 2026 | 33.40 * (3M) +87.6% | 365 777 |
| 2025 | 75.50 +21.0% | 206 849 |
| 2024 | 62.40 +12.4% | 170 959 |
| 2023 | 55.50 +4.7% | 152 055 |
| 2022 | 53 +3.1% | 145 205 |
| 2021 | 51.40 +10.8% | 140 822 |
| 2020 | 46.40 −3.9% | 127 123 |
| 2019 | 48.30 +10.0% | 132 329 |
| 2018 | 43.90 −1.3% | 120 274 |
* partial year
EI1 ___NASDAQ_press_comm (NASDAQ / SEC filings)
Value the company creates per year, as a % of market cap
Value created per year: +7.0%
| 1. EBITDA growth (latest quarter YoY, annualised) [EBITDA latest qtr − EBITDA year-ago qtr] × annualisation X (2026-03-31 vs 2025-03-31) = (45 493 − 42 701) × 1.00 | 2 801 |
| 2. Current EV/EBITDA (LTM) (Market cap + Net debt) ÷ EBITDA (LTM) = (711 019 + 393 036) ÷ 45 639 | 24.2x |
| 3. Target multiple (Current EV/EBITDA + 10) ÷ 2 = (24.2 + 10) ÷ 2 | 17.1x |
| 4. Cash flow (balance method, LTM) Net-debt reduction + dividends + buybacks − equity issuance = 1 677 + 0 + 0 − 0 | 1 677 |
| 5. Value created per year (EBITDA growth × Target multiple + Cash flow − Dilution) ÷ Market cap = (2 801 × 17.1 + 1 677) ÷ 711 019 | +7.0% |
Amounts in millions of the reporting currency. EBITDA growth is the latest quarter vs the same quarter a year ago, annualised.
Caveats:
No dividend rows found for this issuer (checked: Yahoo Finance (ex-div)).
Investor reporting (IR): https://www.sminvestments.com/financial-reports/
Reporting forms detected in loaded periods: ✓ ✓ ✓ (Balance sheet / Profit or loss (P&L) / Cash flows)
Financial results, valuation multiples (P/E, P/B, EV/EBITDA), profitability and dividend yield of SM Investments Corporation — from primary filings.
SM Investments Corporation is a Philippine holding company with core investments in retail, banking, and property development, operating through subsidiaries such as SM Retail, BDO Unibank, and SM Prime Holdings.